Bank of Maharashtra v. Rasineni Jaya Chander
Case brief
What is this about?
Debts Recovery Tribunal allowed an original application filed by Bank of Maharashtra against two defendants for recovery of Rs. 59,41,651 with interest and costs, holding them jointly and severally liable.
What did the court decide?
Defendants directed to pay Rs. 59,41,651 with future interest and costs; Recovery Certificate issued; OA secured by mortgaged property.